Deutsche Bank closes €300 million borrowing base facility for VDM Metals

Region:

Europe

Jonathan Bell

Editor-in-chief

Deutsche Bank has closed a €300 million ($334 million) borrowing base facility for the German metal production company VDM Metals Group (VDM). Acting as the coordinating bank, Deutsche has arranged the syndicated facility to enable VDM to secure working capital following the sale of the group from ThyssenKrupp to private equity firm Lindsay Goldberg.

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